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Gary Peters Net Worth 2023

Gary Peters net worth

Gary Peters Net Worth and Biography

Gary Peters net worth 2023: Gary Charles Peters Sr. is an American lawyer and politician serving as the junior United States Senator from Michigan. Peters served in the United States Navy Reserve, spent 22 years as an investment advisor, and worked briefly in academia. Keep reading to find more information about Gary Peters net worth.


Gary Peters Early life and education

Gary Charles Peters was born December 1, 1958, in Pontiac, Michigan, where he grew up. He is the son of Madeleine A. and Herbert Garrett Peters, a historian and statistician. His mother was a French war bride and his father was American.

Peters graduated from Rochester High School in 1976 and chose to attend Alma College, where he graduated magna cum laude in 1980 with a Bachelor of Arts degree in political science and was inducted into Omicron Delta Kappa and Phi Beta Kappa.


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He earned a Master of Business Administration from the University of Detroit in 1984. Peters also holds a Juris Doctor from Wayne State University and a Master of Arts in philosophy from Michigan State University.

Gary Peters Military career

Peters joined the United States Navy Reserve in 1993 at age 34. He served more than ten years in units at Selfridge Air National Guard Base, including Naval Mobile Construction Battalion 26. During his Navy service, Peters earned the Seabee Combat Warfare Specialist designation and carried out assignments as an assistant supply officer.

Business and academic career

Peters worked for 22 years as a financial advisor, serving as an assistant vice president at Merrill Lynch from 1980 until 1989, when he joined Paine Webber as a vice president.

From 2007 to 2008, Peters served as the third Griffin Endowed Chair in American Government at Central Michigan University. In that part-time position, he taught one class a semester, plus preparing additional student activities including two policy forums, and developing a journal of Michigan politics and policy, for $65,000 a year.


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Peters was a senior policy and financial analyst for the Michigan Department of Treasury and served on arbitration panels for the New York Stock Exchange and the Financial Industry Regulatory Authority.

Peters also has taught finance at Wayne State and strategic management and business policy courses at Oakland University.

Michigan Senate

Peters served on the Rochester Hills City Council from 1991 to 1993.

After a failed attempt in 1990, Peters was elected to the Michigan Senate to represent the Oakland County-based 14th district in November 1994. He was reelected in 1998 and served until 2002, due to the state’s term limits. Peters was succeeded in the 14th district by Gilda Jacobs.


U.S. Congress

On August 7, 2007, Peters ended months of speculation by formally announcing he would run against eight-term Republican congressman Joe Knollenberg in the 9th district, which included almost all of Oakland County. Peters resigned as state lottery commissioner to devote his full energy to the campaign.

Peters won the November 4 election by 33,524 votes, taking 52 percent of the vote to Knollenberg’s 43 percent. Barack Obama carried Oakland County by 15 points; roughly two-thirds of Oakland County was in the 9th. Peters was the fourth person and first Democrat to represent the district since its creation in 1933.


Gary Peters Net Worth

According to financial disclosure documents, Peters had assets between $1.7 million and $6.3 million when he was first elected to the senate. Gary Peters net worth is currently estimated at $10 million.

Gary Peters Personal life

Peters is married to Colleen Ochoa from Waterford Township, Michigan; they have three children. They reside in Bloomfield Township, Michigan.

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Peters received the Distinguished Eagle Scout Award in 2019. Peters is a member of the Sons of the American Revolution. His ancestor William Garrett served in the Virginia Militia in the Revolutionary War alongside General Washington at Valley Forge during the harsh winter of 1777–1778.

Peters is an avid motorcyclist and has made a tradition of annual motorcycle tours of Michigan.

Gary Peters Net Worth Summary

Net Worth$10 million
OccupationLawyer and politician
Date of BirthDecember 1, 1958
Political partyDemocratic


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